Fekri Ali Shawtari, Muslim Har Sani Mohamad, Hafiz Majdi Abdul Rashid and Abdullah Moh’d Ayedh
The purpose of this paper is to investigate the relationship between board characteristics and real performance among state-owned enterprises (SOEs) in Malaysia in a longitudinal…
Abstract
Purpose
The purpose of this paper is to investigate the relationship between board characteristics and real performance among state-owned enterprises (SOEs) in Malaysia in a longitudinal period following the introduction of transformation policy.
Design/methodology/approach
The study deviates from prior research in utilising a real performance measure rather than traditional measures of performance. The authors adopt the quantile regression approach to examine the impact of board characteristics on real performance in a comparison using ordinary least squares.
Findings
The results of quantile regression reveal that the impact of board mechanisms on real performance was not as expected. Specifically, board size and duality had a bearing on real performance. Board independence also is considered as influential factor through the time. However, such effects were not homogenous across different quantiles. The dummy year variable to compare the period pre- and post-transformation policy reveals that the dummy year is not significant, indicating that performance post-transformation is indifferent compared to the pre-transformation policy period.
Practical implications
It is important for government to reconsider the policies embedded in the transformation policy. This study provides insights on the enhancement of board effectiveness and new developments regarding GLCs.
Originality/value
This is an early to attempt to measure real performance and its link to board characteristics in SOEs post-transformation policy.
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Hana Jaradat and Mohammad Salem Oudat
The purpose of this study is to explore the influence of the regulatory environment on the efficiency of transparency within Islamic finance practices. It specifically examines…
Abstract
Purpose
The purpose of this study is to explore the influence of the regulatory environment on the efficiency of transparency within Islamic finance practices. It specifically examines how the determination of Shariah compliance, corporate governance and auditing standards is shaped by regulatory frameworks and their effects on the level of transparent financial reporting.
Design/methodology/approach
The research path was defined, and the research hypotheses were evaluated in the model using partial least squares structural equation modeling. The study collected data through structured surveys from 203 respondents.
Findings
The results of the PLS analysis demonstrate that Shari’ah compliance practices enhance transparency by making it difficult to breach ethical or social norms. These practices also infuse the presence of good corporate practices and quality audits that promote a culture of financial accountability, which is key for market and stakeholder confidence. The regulatory environment adds a critical moderating influence in these relationships by providing the oversight and enforcement capability required to ensure uniformity in the application of Shari’ah adherence and set transparency standards across borders.
Originality/value
The findings of this study have practical implications for those who implement policies, develop regulatory structures and study Islamic finance, underscoring the importance of achieving robust governance and regulatory frameworks. However, the study admits weaknesses, such as limited geographical coverage, reliance on preexisting data and the use of a cross-sectional analysis. Future research directions should include longitudinal and cross-comparative designs, the effects of modern technologies and the integration of qualitative methods alongside quantitative ones.
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Norfaridah Ali Azizan, Amirul Afif Muhamat, Sharifah Faigah Syed Alwi, Husniyati Ali and Amalia Qistina Casteneda Abdullah
Waqf (endowment) lands constitute as among the highest types of waqf (endowment) properties in Malaysia; yet it is still unable to reach its maximum potential due to various…
Abstract
Purpose
Waqf (endowment) lands constitute as among the highest types of waqf (endowment) properties in Malaysia; yet it is still unable to reach its maximum potential due to various challenges such as capital, location, legal and administrative issues. Therefore, this study intends to explore these issues by focussing on the two states in Malaysia (Selangor and Perak) that have fertile lands but different management authorities.
Design/methodology/approach
There were series of interviews that had been conducted with ten (10) key informants who are experts and practitioners in the areas of Shariah (Islamic law), farming, agribusiness, land management and waqf.
Findings
Findings exhibit that constraints and challenges that had been highlighted in the previous literature still exist (although some improvements had been made), but there is emerging theme that the study intends to highlight which is on the needs to secure market for the agribusiness produce and the potential role of anchor company in the agribusiness. It is pertinent that for agribusiness to thrive, selecting the right anchor company that has the capacity to address the challenges is necessary. This study posits two anchor company models (Waqf Trustee-Anchor Company and Waqf Trustee-Anchor Company-Community Farmers) that can be applied for agribusiness on the waqf lands.
Research limitations/implications
This study is based on the Malaysia's context influenced by specific country's features. Nevertheless, such findings can still be used as reference or benchmark by other endowment trustees in other countries especially for the Muslim countries as well as the non-Muslim countries that have significant Muslim populations.
Social implications
The suggested models have potentials to improve the living condition of the B40 (below 40% household income) in Malaysia because the models encourage their participation in the agribusiness activities.
Originality/value
This study focusses on the agribusiness, which is rarely being given attention in previous literature in the context of endowment lands. Therefore, this article bridges the literature gap and at the same time attempts to provide suggestion to address the pertinent issue – the underutilised endowment lands.
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Adel Sarea, Mustafa Raza Rabbani, Habeeb Ur Rahiman and Abdelghani Echchabi
This study aims to explore the antecedents of donors’ attitudes toward fundraising campaigns to fight COVID-19 in the United Arab Emirates (UAE) during the pandemic crisis. This…
Abstract
Purpose
This study aims to explore the antecedents of donors’ attitudes toward fundraising campaigns to fight COVID-19 in the United Arab Emirates (UAE) during the pandemic crisis. This manuscript identified how moderating effects of ethical dimensions can strengthen the relationship between trust in charity and charity projects with their attitude to raise funds to mitigate pandemic repercussions.
Design/methodology/approach
This study follows a quantitative approach by administering survey instruments to collect the data from the sample of respondents. A total of 391 responses were obtained adopting snowball sampling and analyzed through structural equation modeling (SEM) to derive meaningful results for path analysis.
Findings
The findings of this study indicate that certain insights need to be considered to trigger the donors’ attitude toward raising or participating in charity-oriented campaigns, especially during pandemic situations. For instance, organizing more transformable processes in charity projects and establishing more trust factors among donors is highly essential in charity activities. Similarly, promoting ethical dimensions of the donors toward supporting the vulnerable more effectively and encouraging them to participate or organize philanthropic activities certainly benefit and support this noble cause.
Practical implications
This study will help the government and nonprofit organizations in devising their campaigns for raising funds. The findings of this study suggest that ethics is an important consideration and driver for donors in philanthropy-serving organizations and individuals.
Originality/value
This research contributes to the literature on donation and philanthropic studies focusing on fundraising campaigns attitudes during COVID-19. This study contributes influential factors and attitudes of individuals and organizations toward charity and philanthropic service.